By  on May 19, 2017
Vince New York Retail

Vince Holding Corp., in a development bolstering turnaround efforts, has received a commitment letter from its principal shareholder Sun Capital Partners that provides the company with an amount equal to $30 million of cash proceeds if the brand conducts a rights offering of common stock to stockholders.

“We are pleased to have received this rights offering commitment letter from Sun Capital and appreciate their continued support," said Brendan Hoffman, chief executive officer of Vince Holdings Corp. The letter was received Thursday.

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